Core Insights - Annex Advisory Services LLC significantly reduced its stake in GoDaddy Inc. by 98.4% during Q3, holding only 2,083 shares valued at $285,000 after selling 125,236 shares [2] - Several institutional investors have recently adjusted their positions in GoDaddy, with notable increases in holdings by NewSquare Capital LLC (170.9% increase) and Thurston Springer Miller Herd & Titak Inc. (252.0% increase) [3] - GoDaddy's stock opened at $126.48, with a market cap of $17.09 billion, a P/E ratio of 21.84, and a 1-year price range between $121.94 and $216.00 [4] Financial Performance - GoDaddy reported Q3 earnings of $1.51 EPS, exceeding the consensus estimate of $1.50, with revenue of $1.27 billion, surpassing analyst expectations of $1.23 billion [5] - The company's revenue increased by 10.3% year-over-year, with a net margin of 17.01% and a return on equity of 231.34% [5] Analyst Ratings and Price Targets - Recent analyst reports have adjusted price targets for GoDaddy, with UBS lowering its target from $160.00 to $145.00 and JPMorgan reducing it from $222.00 to $200.00, while B. Riley cut their target from $225.00 to $215.00 [6] - The consensus rating for GoDaddy is "Moderate Buy," with an average price target of $181.14 [6] Insider Activity - CEO Amanpal Singh Bhutani sold 6,932 shares at an average price of $127.94, totaling approximately $886,880, representing a 1.71% decrease in his position [7] - CFO Mark Mccaffrey sold 3,317 shares at the same average price, totaling about $424,377, reflecting a 4.73% decrease in his holdings [7] Company Overview - GoDaddy is a technology company providing online services primarily for small businesses and individuals, including domain registration, website hosting, and tools for managing online presence [8] - The company's product offerings include website builders, managed WordPress hosting, e-commerce solutions, and online marketing services [9]

Core Insights - GoDaddy reported strong third-quarter results, with revenue of $1.3 billion, a 10% year-over-year increase, and raised its full-year outlook [1][4][8] - The company's Airo AI platform is enhancing average revenue per user, which grew by 10% in the third quarter [3][5][8] - Despite the growth in applications and commerce revenue, which soared 14%, the core domain registration business is slowing overall growth [4][6][8] Financial Performance - Earnings per share increased to $1.51 from $1.32 year-over-year [4] - Free cash flow reached $440 million in the third quarter, up 21% year-over-year, with an expected full-year free cash flow of around $1.6 billion [5] - GoDaddy raised its 2025 revenue outlook to a range of $4.93 billion to $4.95 billion, indicating an approximate 8% growth at the midpoint [5] Strategic Initiatives - GoDaddy is focusing on expanding its AI offerings, particularly through the Airo platform, which provides tools for domain name discovery, logo design, website building, and custom app creation [3] - The applications and commerce segment is expected to grow at a mid-teens percentage, driven by higher-value services [5][6] Market Position - GoDaddy's stock has decreased over 30% this year, but it appears inexpensive relative to free cash flow, with a market capitalization of roughly $18 billion [6] - The company is expected to see a shift in revenue dynamics as AI-related services grow, although this diversification will take time [7]